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Strike Launches Bitcoin Payment Services in Argentina to Kick-Start Latin American Expansion

The company plans to expand into Brazil and Colombia in 2022.

By Andrés Engler
AccessTimeIconJan 11, 2022 at 8:01 p.m. UTC
Updated May 11, 2023 at 6:03 p.m. UTC
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Bitcoin's Lightning Network-powered app Strike has launched its services in Argentina.

  • The company said Tuesday that Argentines will be able to make bitcoin remittance payments, receive bitcoin tips on Twitter and use Strike's peer-to-peer transaction services.
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    • Argentina is the first step in a 2022 Latin American expansion that will include Brazil, Colombia and "other Latin American markets," the company added in a statement. The company launched its payment app in El Salvador last March.
    • Strike is currently working with merchants, consumers and individuals in Argentina, according to the statement. So far, the company has launched initial integrations and activations in the southern city of San Martin de los Andes, located in Patagonia.
    • The company quadrupled its Latin American team for its Argentina start and plans to continue hiring in the region.
    • "Argentina is one of the most exciting countries for building the Bitcoin economy, leveraging Bitcoin as both a superior asset and a superior payments network," Strike founder and CEO Jack Mallers said in the statement.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Andrés Engler
    Andrés Engler

    Andrés Engler was a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.

    Follow @andresengler on Twitter

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